Seller's market expected to continue through 2023
St. John's, Newfoundland
2023 RE/MAX Cottage Trends Report
• Gen X are the top buyers in the area as they prepare for or enter retirement followed closely by families who return to the area year-over-year. • With hybrid working here to stay, buyers are seeking waterfront recreational homes that have good internet service and year-round access continue to make headway into the market. • Approximately 50% of all recreational purchases have been by out-of-province buyers, and 50% have been local.
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$251,667
2023 (January - March)
average price
$244,333
2022 (January - March)
+3%
Year-Over-Year
-46%
13 unit sales
2022 (January-March)
7 unit sales
2023 (January-March)
Sales stats
market outlook
-30%
2023 Sales Estimate
2023 Price Estimate
Average price
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Seller's Market
